For the full year, stronger sales from both processed sweet potato products and fresh sweet potatoes drove full-year revenue up by 45% y-o-y to RMB318.4 million.
PhillipCapital analysts Liu Miaomiao and Paul Chew have initiated coverage on Zixin Group with a “buy” call and target price of 5 cents in their Sept 29 report.
For the 2HFY2024 ended March, Zixin’s revenue grew by RMB96.4 million ($17.6 million) or 92.0% y-o-y to RMB201.3 million, thanks to China’s gradual economic recovery and a better harvest in the period.
